BANCOLOMBIA: Company Issues US$ 400 Million In 5-year Bonds In Panama

9/13/2017 4:16 PM ET

(Agencia CMA Latam) - Banistmo, the financial institution held by the Grupo Bancolombia in Panama, placed US$ 400 million in bonds maturing in five years with a 3.65% annual coupon. Demand was equivalent to 4.5 times the amount sold, reaching US$ 1.8 billion.

The proceeds raised from this placement, which aimed at international investors, should support the bank's growth and business plan in Panama.

That was the first time that Bancolombia placed bonds in the Panamanian market.

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.